REIMPOSING TOUGH SANCTIONS: President Donald J. Trump’s Administration is taking action to reimpose sanctions lifted under the Joint Comprehensive Plan of Action (JCPOA).
- President Trump made clear when he ended United States participation in the JCPOA that his Administration would be reimposing tough sanctions on the Iranian regime.
- In connection with the withdrawal from the JCPOA, the Administration laid out two wind-down periods of 90 days and 180 days for business activities in or involving Iran.
- Consistent with President Trump’s decision, the Administration will be reimposing specified sanctions after August 6, the final day of the 90-day wind-down period.
- On August 7, sanctions will be reimposed on:
- The purchase or acquisition of United States bank notes by the Government of Iran.
- Iran’s trade in gold and other precious metals.
- Graphite, aluminum, steel, coal, and software used in industrial processes.
- Transactions related to the Iranian rial.
- Activities relating to Iran’s issuance of sovereign debt
- Iran’s automotive sector.
- The remaining sanctions will be reimposed on November 5, including sanctions on:
- Iran’s port operators and energy, shipping, and shipbuilding sectors.
- Iran’s petroleum-related transactions.
- Transactions by foreign financial institutions with the Central Bank of Iran.
- The Administration will also relist hundreds of individuals, entities, vessels, and aircraft that were previously included on sanctions lists.
ENSURING FULL ENFORCEMENT: President Trump will continue to stand up to the Iranian regime’s aggression, and the United States will fully enforce the reimposed sanctions.
- The Iranian regime has exploited the global financial system to fund its malign activities.
- The regime has used this funding to support terrorism, promote ruthless regimes, destabilize the region, and abuse the human rights of its own people.
- The Trump Administration intends to fully enforce the sanctions reimposed against Iran, and those who fail to wind down activities with Iran risk severe consequences.
- Since the President announced his decision on May 8 to withdraw from the JCPOA, the Administration has sanctioned 38 Iran-related targets in six separate actions.
PROTECTING OUR NATIONAL SECURITY: The JCPOA was defective at its core and failed to guarantee the safety of the American people.
- President Trump’s decision to withdraw from the Iran deal upheld his highest obligation: to protect the safety and security of the American people.
- The Iranian regime only grew more aggressive under the cover of the JCPOA and was given access to more resources to pursue its malign activities.
- The regime continues to threaten the United States and our allies, exploit the international financial system, and support terrorism and foreign proxies.
- The Administration is working with allies to bring pressure on the Iranian regime to achieve an agreement that denies all paths to a nuclear weapon and addresses other malign activities.
Shared from Whitehouse.gov